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tsogo sun holdings ltd (TSH) Details

Tsogo Sun Holdings Limited operates in the hotel, gaming, and entertainment industries. The company operates 90 hotels with 14,316 rooms under the Southern Sun Hotels, SunSquare, Garden Court, StayEasy, Southern Sun Resorts, InterContinental Hotels, and SUN1 brand names in South Africa, rest of Africa, the Seychelles, and the Middle East; 14 gaming and entertainment destinations under the names of Montecasino, Gold Reef City Casino, Silverstar Casino, and Suncoast Casino in 6 provinces of South Africa; and approximately 250 conference and banqueting facilities, including the Sandton convention centre, as well as theatres, cinemas, bars, and theme parks. It also operates approximately 305 restaurants. The company was founded in 1969 and is based in Fourways, South Africa.

tsogo sun holdings ltd (TSH) Key Developments

Tsogo Sun Holdings Seeks Acquisitions

Nov 23 14

Tsogo Sun Holdings Limited (JSE:TSH) is looking for acquisition opportunities. Marcel von, Chief Executive Officer of Tsogo Sun said, "Current trading is difficult. You've got to watch your costs, but we're looking through that, and this is the time to acquire assets and build the business."

Tsogo Sun Holdings Limited reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the six months, the company reported income of ZAR 5,444 million against ZAR 5,224 million a year ago. Operating profit was ZAR 1,351 million against ZAR 1,408 million a year ago. Profit before income tax was ZAR 1,087 million against ZAR 1,223 million a year ago. Profit attributable to equity holders of the company was ZAR 719 million against ZAR 833 million a year ago. Basic and diluted earnings per share were 67.1 cents against 75.9 cents a year ago. Headline earnings were ZAR 723 million against ZAR 846 million a year ago. Net cash generated from operations was ZAR 548 million against ZAR 567 million a year ago. Purchase of property, plant and equipment was ZAR 865 million against ZAR 679 million a year ago. Purchase of intangible assets was ZAR 6 million against ZAR 8 million a year ago. EBITDAR was ZAR 1,954 million against ZAR 1,997 million a year ago. Basic and diluted HEPS was 67.5 cents against 77.0 cents a year ago. Basic and diluted adjusted HEPS was 80.9 cents against 81.3 cents a year ago. Adjusted headline earnings were ZAR 866 million against ZAR 893 million a year ago.
The board of directors has declared an interim gross cash dividend of 29.0 cents per share for the six months ended September 30, 2014. The dividend is payable to shareholders recorded in the register of the company at close of business on December 12, 2014 and is payable on December 15, 2014. Last date to trade cum dividend is December 5, 2014 and shares trade ex-dividend date is December 8, 2014.

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